Elm Wealth has launched its Elm Market Navigator ETF (NYSE: ELM) with $362 million in assets, making it the most well-capitalized ETF launch this year. The ETF features a competitive 0.24% net expense ratio after a 2bps management fee waiver, less than half the Morningstar Global Allocation category average.
The ETF follows Elm's Dynamic Index Investing® strategy, which was previously available as a private fund since 2011. The strategy focuses on maximizing risk-adjusted returns through a globally diversified portfolio that adapts to market conditions. The portfolio maintains a baseline allocation of 75% in global equities and 25% in fixed income, with adjustments based on market risks, interest rates, and return opportunities.
The fund is fully transparent and rules-based, allowing investors to track portfolio allocation changes. It can be purchased through major brokerage firms including Charles Schwab, E*Trade, Fidelity, and others, with Jane Street serving as the designated lead market maker.